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FSW 28: Chaldal Acquires BanglaMeds, The Hard Work of Building Companies and More

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Dec 20, 2021

In this edition, we cover:

  • Chaldal Acquires E-Pharmacy Startup BanglaMeds
  • Nuport Receives Funding From US-based Freight Forwarder Flexport, Supply Chain Automation, and Nuport's Ambition
  • Praava Health Accepted Into Project Amplify
  • Charts of the Week No. 01: Bangladesh Consumer Class and Lonely World
  • Sajid Amit: On Navigating The Challenges of Our Daily Life and Staying Sane
  • Shamim Khan: Leadership and The Necessary Work of Practicing Self-Awareness and Overcoming Our Ego
  • Jackson Cunningham: How To Exactly Start Lean
  • Book recommendation
  • Interesting articles to read
  • Startup in focus

A Message from our Partner: Probaho

Probaho
Probaho

To put it simply, Probaho is the Mailchimp of Bangladesh. Only that it is Made in Bangladesh, smaller and scrappy and designed for businesses in Bangladesh. Don't worry about paying in dollars for sending mails or long distance support. Use Probaho, use the power of email newsletter to grow your business without hassle, pay in taka. Learn more.


Chaldal Acquires E-Pharmacy Startup BanglaMeds

Chaldal, the largest online grocery startup in Bangladesh, has acquired e-pharmacy startup BanglaMeds for an undisclosed sum. BanglaMeds founder and CEO Gazi Musayab Raffan made the announcement of the acquisition in a social media post. Read the full article.

Praava Health Accepted Into Project Amplify

Praava Health, Bangladesh's fastest-growing healthcare brand, announced on Tuesday that it has been accepted into the prestigious Project Amplify program, a joint initiative between Microsoft and Accenture. Founded in 2020, Project Amplify works to support social impact and sustainability focused entrepreneurs and startups from Asia. Read the full article.

Charts of the Week: No. 01

Bangladesh is set to become one of the largest consumer markets in the world by 2030, according to data by research company World Data Lab, published by Brookings Institution. And the world is increasingly growing lonely. Read the full article.

Sajid Amit: On Navigating The Challenges of Our Daily Life and Staying Sane

Modern life is demanding and at times, disorienting. The relentless pursuit of and pressure for doing and having more — more money, more fame, more success — can put us on our edge. Read the full article.

Shamim Khan: Leadership and The Necessary Work of Practicing Self-Awareness and Overcoming Our Ego

I have written about the importance of self-knowledge to live a full life in the past. Knowing ourselves is the most difficult task of all for which all our work are but preparation. Doing any meaningful work — that includes building companies and leading people — begins at home, within ourselves. Read the full article.

Nuport Receives Funding From US-based Freight Forwarder Flexport, Supply Chain Automation, and Nuport's Ambition

Nuport announced that it has received an investment of USD$125,000 from ODX Flexport, an incubator program by Flexport and On Deck, designed to accelerate the next wave of logistics startups across the world. The Bangladesh-based company created a route optimization and distribution planning software for manufacturers and distributors that can save time, cost and improve productivity for these companies. Read the full article.

Jackson Cunningham: How To Exactly Start Lean

Start small. Experiment. Find what works. Grow. These are some of common startup advice. We all know about lean startup model, thanks to Eric Ries, where you start with an MVP, test it in the market, validate and then go on to build the product while finding early traction. The purpose is to save resources and reduce the risk of failure. But what does starting lean exactly look like in practice? Read the full article.


Future Startup Marketing Solutions. Tell your compelling brand story. Connect with the most influential audience in business and tech in Bangladesh. We are taking partners for 2022. Learn more here or simply reply to this email.


Interesting ideas

Scott Galloway’s advice for grads. Link

Dismal online class penetration during pandemic (Bangla). [Link]

Book recommendation: I'm enjoying Shail Lavingia's The Minimalist Entrepreneur. Link


Startup in Focus: Truck Lagbe

Truck Lagbe, founded in July 2017 by Anayet Rashid and Mir Hossain Ekram, operates an on-demand marketplace for trucking services serving businesses and consumers, and a brokerage serving larger companies. The company matches demand and supply for freight services, offers price transparency, real-time tracking of shipments, and maximizes truck utilization, driving efficiencies across the logistics value chain. In September 2021, Truck Lagbe raised $4 million in Series A funding to expand its platform and network. Read our coverages of Truck Lagbe here.


Classifieds

AmarLab brings the diagnostic lab to the doorsteps of people in urgent need of medical tests. The company has partnered with reputed diagnostic centers with an ambition to make healthcare easily accessible to everyone, everywhere. Learn more.

Future Startup Content Marketing Service: Tell your compelling brand story. Connect with the most influential audience in business and tech in Bangladesh. Learn more.

Ruhul Kader is a technology and business analyst based in Dhaka, Bangladesh. He is also the co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at [email protected]

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